A Silicon Valley Enclave Is Once Again America's Most Expensive Zip Code

Atherton, a small town in Silicon Valley, has been named
America's most expensive zip code for the second year in a row,
according to Forbes.

To determine the rankings, Mountain View-based firm Altos
Research calculated the median home listing prices for 28,500 zip
codes across the country.

In Atherton, the median listing price was a whopping $9.03
million, landing it at the top of the list.

The town itself is quiet and secluded, and building
codes prohibit commercial development. Still, it's not far
from the bustling tech-centered towns of Palo Alto and Menlo
Park.

"Atherton is drawing a lot of young executives: CIOs, CFOs,
and CEOs," Silicon Valley broker Ken DeLeon said
to Forbes. "And the international buyers really draw on
the prestige."

Several noted tech billionaires, including Microsoft
cofounder Paul Allen, Google chairman Eric Schmidt, and HP CEO
Meg Whitman, currently own homes here. Facebook COO Sheryl
Sandberg also lived in Atherton before she moved
into her
new waterfall-equipped home in nearby Menlo Park
last year.